Hello There,
welcome to my new analysis about CHFUSD on the 4-hour timeframe perspective. In recent times I have detected interesting trading setups in the forex market that can turn out to be profitable trades, both on the short- and long-sides. One of them being CHFUSD, the forex pair is forming a considerable setup that is likely to accelerate bearishness within the upcoming times. In the current market situation, it is always good to consider also trades on the short side.
As when looking at my chart, we can watch there how CHFUSD formed this ascending triangle formation. The price action moved directly into the ascending resistance line. This ascending resistance line has been the origin of major bearish pullbacks towards the downside already several times in the past. As this level is approached again, a pullback from there on is highly likely and is going to complete the ascending triangle formation with a breakout to the downside.
Once this whole formation has been completed and the bearish pressure has emerged, CHFUSD is going to point to the lower levels in the structure. This is also going to activate the bearish target zones. Especially with a bearish acceleration below the 50-EMA, this will increase the bearish pressure and point to the final target zone. Once the bearish target zone has been reached, further assumptions about the continuation of bearish pressure need to be made.
In this manner, thank you a lot for watching!
The support is highly appreciated.
VP
welcome to my new analysis about CHFUSD on the 4-hour timeframe perspective. In recent times I have detected interesting trading setups in the forex market that can turn out to be profitable trades, both on the short- and long-sides. One of them being CHFUSD, the forex pair is forming a considerable setup that is likely to accelerate bearishness within the upcoming times. In the current market situation, it is always good to consider also trades on the short side.
As when looking at my chart, we can watch there how CHFUSD formed this ascending triangle formation. The price action moved directly into the ascending resistance line. This ascending resistance line has been the origin of major bearish pullbacks towards the downside already several times in the past. As this level is approached again, a pullback from there on is highly likely and is going to complete the ascending triangle formation with a breakout to the downside.
Once this whole formation has been completed and the bearish pressure has emerged, CHFUSD is going to point to the lower levels in the structure. This is also going to activate the bearish target zones. Especially with a bearish acceleration below the 50-EMA, this will increase the bearish pressure and point to the final target zone. Once the bearish target zone has been reached, further assumptions about the continuation of bearish pressure need to be made.
In this manner, thank you a lot for watching!
The support is highly appreciated.
VP
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►✅JOIN THE BEST+ TOP TELEGRAM TRADING CHANNEL: t.me/VincePrinceForexGoldStocks
►🚀Join Premium Channels: bit.ly/4bUD8N8
►🔥JOIN BYBIT TOP EXCHANGE►🎁 UP TO $30,000 BONUS NOW: partner.bybit.com/b/VinceByBit
►🚀Join Premium Channels: bit.ly/4bUD8N8
►🔥JOIN BYBIT TOP EXCHANGE►🎁 UP TO $30,000 BONUS NOW: partner.bybit.com/b/VinceByBit
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.